The United Nations has proclaimed 1st June to be the Global Day of Parents. Of course, one day is hardly enough to celebrate the commitments and sacrifices made by our parents; literally every day should be Parents Day. That said, a Global Day of Parents is a good reason to do something special for your […]
The central government recently made the quoting of Aadhaar Number/Enrolment ID mandatory for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.But now the government has given relief to certain persons/states from quoting of Aadhaar/Enrolment ID. As per the notification dated 11th […]
If you are a freelancer, consultant or professional, you are luckier than your salaried friends in more ways than one. Not only are you your own boss, you can also get away with paying income tax on only half of your income. And that too, legally! The Income Tax Department had introduced a […]
Your mother is awesome. There’s no two-ways about that. She’s been caring for you from the day you were born, and she’s never going to stop. She’s nurtured you, she’s taught you about life and she’s imparted good qualities in you (or at least she’s tried) That’s not all. If you pay close attention, there […]
If you are a business, it is nearly certain you deposit some tax other than income tax. It could be in the form of service tax, excise duty, VAT or some version of custom duty. These taxes are called indirect taxes. Nearly all of these taxes will now be replaced with GST. But the implementation […]
The Central Government has recently notified the Shri. Ram and Ramdas Swami Samadhi Temple & Ramdas Swami Math at Distt. Satara, Maharashtra to be a place of public worship u/s 80G (2).It means any donations made to this temple would qualify as deduction from the income u/s 80G. Sec 80G specifies the various relief […]
The Central board of excise and custom has extended the last date for filing service tax return by five days from April 25 to April 30 .The Form ST – 3 for the period from October 1,2016 to March 31 ,2017 can now be submitted till 30th April 2017. It will provide great relief to lakhs […]
[update – 25 May 2017] NSDL is now allowing NPS subscribers to update their FATCA self-certification online. You can do this by logging into your NPS account on https://cra-nsdl.com/CRA/ and clicking on ‘FATCA Self-certification’ under the main menu of ‘Transaction’. The FATCA submission will be authenticated via an OTP that you will receive on your registered […]
26 April 2017 was a historic day for the equity stock markets because the Sensex ended a trading day above 30,000 points for the first time. The Bombay Stock Exchange (BSE) members also cut a 30kg cake to celebrate the crossing of the 30k threshold. The markets are trading at an all-time high because of […]
CBDT has clarified tax liability for remuneration received by a non-resident seafarer in NRE (non-resident external) account kept with an Indian bank. Salary of a non-resident seafarer for services outside India on a foreign ship will not be included in the total taxable income of the seafarer, even though such salary is credited in the […]
